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11.23 Chuze Midday Analysis
Reviewing yesterday’s Bitcoin market, Bitcoin experienced wide fluctuations, reaching a high of 85,000 and a low of 82,000. The volatility was significant, and the direction between bulls and bears remained uncertain.
However, today the price has been climbing steadily with strong rebound momentum. From a technical perspective on the 4-hour chart, bulls are still in control, and although there has been a three-consecutive bullish candle rebound pattern recently, the momentum is weakening. In the short term, the market has a need for a pullback, so the strategy remains to short at highs and long at lows.
Bitcoin: Short at 86,700-88,000, target 83,000-84,000
Ethereum: Short at 2,850-2,930, target 2,630-2,730
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